Quick look: Sanctions against Penn State

The NCAA imposed severe sanctions on Penn State Monday morning in light of the child abuse scandal and alleged cover-up that has rocked the university and its football program. The sanctions include:

-A $60 million fine. According to the NCAA, that amount is “equivalent to the average gross annual revenue of the football program.”

-That $60 million fine, which according to a statement from the school given to CNN will be paid in $12 million installments over five years, will be paid into an endowment funding child abuse prevention and support programs outside the university.

-A four-year ban on postseason games.

-The vacation of all wins from 1998 through 2011, meaning 111 wins under Joe Paterno have been struck from the record, according to CBS Sports.

-A reduction in football scholarships for four years.

-Current or incoming Penn State football players may transfer to another school and compete on that school’s team immediately.

-A five-year probationary period with a monitor.

-The NCAA also says it “reserves the right to impose additional sanctions on involved individuals at the conclusion of any criminal proceedings."

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